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The present study sought to investigate the effects of narrow reading and a combination of narrow reading and morphological awareness training on intermediate Chinese college English learners' vocabulary acquisition and retention. To these ends, 54 Chinese college English as foreign language learners (EFL) were randomly divided into three groups—a narrow reading group (NR group); a narrow reading plus morphological intervention group (NRMI group), and a control group (CR group). The two experimental groups read the same five thematically-related expository passages over 5 weeks with the NRMI group receiving extra morphological training; while the CR group read five texts on different topics over the same period of time. Linear mixed model analysis results indicated that while two treatment groups performed significantly better than the CR group on both receptive and productive vocabulary tests, the NRMI group improved the most in vocabulary learning.

AbstractWe examine how investors' perceptions of firms' philanthropic behaviors alter the effect of corporate philanthropy on costs of equity capital. Using a sample of Chinese A‐share listed firms from 2007 to 2018, we find that firms making philanthropic donations have higher equity financing costs. In contrast, firms without politically connected executives, experiencing provincial official turnovers, and located in provinces with fiscal pressure do not see an increase in costs of equity capital. In addition, Chinese investors consider strategic corporate philanthropy to establish political connections less valuable after anticorruption campaigns are launched, hence requiring higher rates of return from firms making monetary donations. Overall, this paper provides evidence that investors' perceptions of firm behavior are shaped by unique institutional factors in emerging markets, resulting in unintended economic consequences for firms.